Industry Analysis & Industry Trends
To say that the Piece Goods, Notions and Other Apparel Wholesaling industry has declined over the five years to 2013 would be an understatement. Rising import penetration has displaced the downstream demand for buttons, zippers and yard fabric from domestic distributors to international manufacturers. Additionally, wholesale bypass, which is the trend of downstream buyers sourcing directly from manufacturers to cut expenses, has constrained wholesalers' function in the domestic supply chain and eliminated many operators. Although the recovering economy will help the industry somewhat, these adverse trends are anticipated to continue in the coming years... purchase to read more
Industry Report - Industry Analysis Chapter
The Piece Goods, Notions and Other Apparel Wholesaling industry has long been in decline, and the economic recession that hit the United States in 2008 and 2009 only made conditions worse. Prior to the recession, the industry suffered from a combination of price competition from low-cost imports and vertical integration by upstream manufacturers. Industry revenue declined in four of the past five years, with an especially drastic drop in 2009. IBISWorld expects revenue to decline at an annualized rate of 1.8% to $13.8 billion over the five years to 2014; a decline of 1.1% is expected in 2014 alone.
Like many US apparel industries, this wholesale industry has suffered from import penetration into the domestic market... purchase to read more